Compliance Monitoring

Responsibilities:

As a Compliance Monitoring Manager you will:

1. Design an annual monitoring plan to ensure all areas are covered in frequency according to both regulatory expectations and client requirements.
2. Ensure the plan takes into consideration higher risk areas after discussion with senior management.
3. Design (or ensure designed) detailed monitoring programmes across all relevant areas and ensure that when regulations/SOPs change, such programmes are properly updated.
4. Liaise with relevant areas to allocate staff to complete tasks (both UK & offshore).
5. Review findings and ensure a distinction between systems issues and actual regulatory breaches, and determine if any breach is serious enough to be immediately reported to clients and/or regulatory authorities.
6. Investigate the cause of all breaches & issues, suggest remedial actions and enhance SOPs/controls.
7. Ensure all findings are discussed with management and a report is issued.
8. Ensure all follow-up actions are agreed upon and appropriately implemented.
9. Manage, mentor, and train the UK team & offshore team.
10. Assist in client visits.

Mandatory Skills:

1. Previous experience in compliance monitoring (or external or internal audit covering regulatory requirements) of retail investments, with a willingness and ability to quickly learn pensions aspects if not previously covered.
2. Previous staff management experience, including allocation of resources.